Disc Medicine Q1 EPS $(1.09) Misses $(1.00) Estimate
Portfolio Pulse from Benzinga Newsdesk
Disc Medicine (NASDAQ:IRON) reported Q1 earnings with losses of $(1.09) per share, missing the consensus estimate of $(1.00) by 9%. This represents a 9.17% improvement over the $(1.20) per share loss from the same quarter last year.
May 09, 2024 | 1:05 pm
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NEGATIVE IMPACT
Disc Medicine reported a Q1 loss per share of $(1.09), missing estimates by 9% but improving from last year's $(1.20) loss.
Missing the earnings estimate typically results in negative investor sentiment in the short term, potentially leading to a decrease in stock price. However, the improvement over last year's loss may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100